Announcement

Collapse
No announcement yet.

Equipment financing

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Equipment financing

    I know there are plenty of companies that offer financing for equipment purchasing. I am currently in the planning phase for a new brewery on the East Coast and I am considering all options. Does anyone have any pros/cons from personal experience as far as financing or straight out purchasing equipment for a 15bbl start up brewery?

    Thanks

  • #2
    Financing

    From my recent experience, many of those equipment finance companies are reluctant to finance start-ups. Once you have positive cash flows, it makes it easier.

    Comment


    • #3
      I would second what fa50driversaid. Unless you have other collateral to put up or a couple years of profits, it will be very difficult to find financing for a start-up.
      Purchasing the equipment outright will also eliminate one more monthly expense that can be tough on a new business.

      Comment

      Working...
      X